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FreightWeek - Insights on sustainable business practices for the global logistics industry

Dr. Niklas Wilmking has been appointed Global Board of Management for Contract Logistics and Supply Chain Management at DB Schenker. He will take office on January 1st 2024, following Hessel Verhage, who leaves DB Schenker for personal reasons.

German rail corporation Deutsche Bahn (DB) has sold its Arriva Group bus and rail subsidiary to a US asset management company.

Germany's state-owned railway operator, Deutsche Bahn, said Thursday that it has agreed to sell its European public transport subsidiary, Arriva, to U.S.-based infrastructure investor I Squared Capital. Deutsche Bahn didn't disclose the value of the planned sale. The company is selling Arriva “to enable additional growth in rail transport in Germany and allow it to focus its resources on its core business.”

German national rail service Deutsche Bahn AG has signed a deal to sell its international subsidiary Arriva PLC to US-based investment group I Squared Capital, the company announced on Thursday... -October 19, 2023 at 05:28 am EDT - MarketScreener

FreightWeek - Insights on sustainable business practices for the global logistics industry

Deutsche Bahn has agreed to the sale of London's red bus operator Arriva to the US-based private equity firm I-Squared Capital

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Deutsche Bahn offloads company to I Squared in deal worth £1.4bn, three years after putting it up for sale

At €331m, operating profit was over €500m down on the year before due in part to higher upfront costs for infrastructure work including maintenance.